1726 Poplar AveMemphis, TN 38112

Property Details for 1726 Poplar Ave

Year built

1950

Lot size

0.35 AC

Property size (Sq ft)

3,179 SF

Zone code

CMU-3

Property type

Healthcare properties

Property subtype

Medical offices

APN

020-063- - -00018-C

APU

02006300018C

Description

This exceptional 6,700 square foot single-story office building, located at 1726 Poplar Avenue, presents a unique opportunity. Situated on a 0.35-acre lot (15,246 square feet), this Class B property boasts a spacious layout ideal for a variety of uses, including traditional office and medical practices. The entire building, comprising a single suite, is currently vacant and available for immediate occupancy. With a 16-foot ceiling height, the space offers ample room for customization and efficient workflow. The building features 50 parking spaces, providing convenient access for staff and clients. Built in 1950, the structure benefits from a flexible CH zoning designation in Shelby County. The building's floor plan is easily adaptable to suit diverse needs, making it an attractive option for businesses seeking a functional and well-located space. The property's location on Poplar Avenue, with its convenient access to N. Evergreen Street, ensures high visibility and accessibility. The building's floor-to-area ratio (FAR) is 0.44. This is a rare opportunity to acquire a fully vacant, single-tenant building in a desirable location. The property is ready for immediate renovation or occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $458,044

  6.5%

  $422,809

  7%

  $392,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $247,835

  Geo Method

  $247,835

• Alternative Use

  Use

  Valuation

  Residential

  $524,284

  Hospitality

  $480,241

  Educational

  $399,555

  Medical

  $413,296

  Retail

  $621,530

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1431

Longitude

-90.0028

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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